IBM BUYBACK CONTINUES

CHICAGO TRIBUNE

International Business Machines Corp. said its board has authorized the company to continue to purchase from time to time about 5 million more shares of its stock in blocks of at least 5,000. The company completed a 10-million share buyback authorized in May. IBM also said it will redeem all of its $500 million of 10.5 percent debentures due July 15, 2015, at a price of 109.36 percent of the principal amount. Redemption date is Dec. 29.